Economy

The Hanoi Midnight Sale, combined with Black Friday and other events in the Hanoi Promotion Month program, will be the starting point for the development of the city's night-time economy.

Hanoi always supports businesses in promoting the consumption of Vietnamese products in the domestic market.

The soon ratification of the Vietnam-EU Investment Protection Agreement (EVIPA) is expected to usher in a new phase in bilateral trade and investment cooperation.

A major change under the upcoming amended Capital Law is the imminent development of new, modern offices, industrial parks, university towns, and hospitals in Hanoi.

In January-October 2023, Hanoi exported about US$95 million worth of goods to Laos.

The city expects a strong economic rebound in 2024, with an estimated GRDP growth of 6.5-7%.

Experts argued that the carbon market in Vietnam needs the engagement of different stakeholders, the determination of the government, and the support of international partners.

Vietnam's orientation is to focus on offshore wind power in combination with other renewable energy sources to produce new energy for domestic demand and export.

Agriculture is among the key sectors in the Vietnam-Denmark Green Strategic Partnership.

Manufacturing continues to be the main sector attracting FDI into Vietnam.

The city's agricultural sector is working closely with the Hanoi Department of Industry and Trade, localities, and training institutions to provide digital technology training for cooperatives.

The EU Ambassador to Vietnam stressed the EU’s willingness to share experience and support Hanoi and Vietnam in achieving sustainable development goals.

Digital transformation in agriculture is actively embraced by many localities, companies, and individuals to improve productivity, increase product value, and protect the environment.

The festival is part of the Hanoi Promotion Month 2023, which stimulates consumer demand and supports businesses in stabilizing production.

The draft law aims to redirect investment from being channeled mainly into housing and commercial center development projects to infrastructure projects such as urban railways.

The city's total agricultural export value exceeded US$1.35 billion in January-September, up about 23% year on year.

This year, Hanoi aims to disburse 95-100% of public funds worth VND47 trillion ($1.93 billion), which is seen as a key measure to boost the city's socio-economic development.

With agriculture as its main economic sector, Hanoi's agriculture serves as the core and driving force for regional and national development.

The event takes place from November 16 to 19 in Hanoi's suburban district of Dan Phuong.